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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (253828)	8/4/2003 11:15:09 AM
From: MythMan	Read Replies (3) \| Respond to of 436258

From a WSJ article today.. >>Since June 13, the date the bond market was at the height of its rally (and thus, yields at their low), Treasury yields have risen faster than at any point since 1987, according to Bianco Research, a Chicago research firm. The yield on the benchmark 10-year Treasury note, for example, has jumped to 4.42% from a 45-year low of 3.11%, while the 30-year Treasury bond yield has surged to 5.33% from 4.17%. That translates to a loss of nearly 10% for investors in the 10-year Treasury, and a 15% fall for holders of the 30-year bond. To get a sense of the scale of the decline, consider that the drop is greater than any three-month loss for bonds dating to 1927, the first year for which Bianco has data. Put another way: The Dow Jones Industrial Average would have to drop nearly 1,400 points from its current level -- by Halloween -- to match it. Bond investors are looking for "the license plate on the truck that hit" them, says James Bianco, head of the research firm.<<